SEBI allows MFs to invest in overseas funds with exposure to Indian securities

Quick Summary:

This is subject to the total exposure to Indian securities by such overseas funds not exceeding 25% of their net assets.

The new framework will come into force with immediate effect, the Securities and Exchange Board of India (SEBI) said.

The regulator has barred advisory agreements between Indian MFs and the underlying overseas MFs to prevent conflicts of interest.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Indian Schemes Mf/ut Investment Assets Mf/uts Funds Invest Exposure Securities Sebi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 14:12:41 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23400482

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 10 posts per day

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